With reference to the World Bank and International Monetary Fund, which of the following statements is/are correct? The World Bank and International Monetary Fund were set up together and are popular…

Question

With reference to the World Bank and International Monetary Fund, which of the following statements is/are correct? The World Bank and International Monetary Fund were set up together and are popularly known as Bretton Woods Twins. Headquarters of International Monetary Fund and World Bank are located at Washington D.C. and New York respectively. Select the correct answer from the code given below: Code:

PYQPulse · Accepted Answer

Only 1

PYQPulse · Answer

Explanation: Let us analyze each statement carefully: Correct: The World Bank and the International Monetary Fund (IMF) were both established in July 1944 at the United Nations Monetary and Financial Conference , held at Bretton Woods, New Hampshire (USA) . Hence, they are collectively known as the “Bretton Woods Twins.” Incorrect: Both the World Bank and the IMF have their headquarters in Washington D.C., USA , not in New York.

Answer: A. Only 1

Explanation

Answer: A. Only 1

Explanation